Build, decentralize, connect, scale up – that’s roughly Cardano’s roadmap so far. Network development is divided into five phases, named after great scientists.
We are currently in “Basho”, the age of scaling. At the end of the year, the fifth and probably last phase will be initiated with “Voltaire”. Nigel Helmsley, vice president of governance at Input Output Global, now has the development steps outlined which will gradually transfer control of Cardano to users.
As per the announcement back at IOScotFest ‘Age of Voltaire’ in November, IOG aims to deliver #Voltaire via three governance pillars, the MBO, the Constitution, and Democratic consent.
Here's Nigel with more 👇
— Input Output (@InputOutputHK) March 1, 2023
Voltaire – the last Cardano era
Voltaire is based on “three pillars of governance”. The first is the Member-Based Organization (MBO). According to Nigel, all governance processes are to be mapped via the platform. Guidelines and rules should be anchored in a common constitution – the “Cardano Constitution” forms the second Voltaire pillar.
Democratic consensus building is the third element. Network participants should be able to vote on developments with equal rights according to the majority principle.
“Cardano’s Voltaire era will provide the final pieces needed for the Cardano network to become a self-sustaining system. With the introduction of a voting and treasury system, network participants will be able to use their shares and voting rights to influence the future development of the network.”
A date for the technical implementation has not yet been announced. How realistic the roughly targeted starting point is at the end of this year also depends on the success of the many side construction sites.
The ongoing scaling work is extensive and far from having reached its goal. In particular, the Layer 2 solution Hydra, the release of which has now been postponed indefinitely, could slow down the transition to Voltaire.